Whales Go on Altcoin Shopping Spree

Crypto analyst Ali Martinez has noticed a surge in whale activity in the altcoin market. Over the past week, these large investors have acquired a staggering 45 million Toncoin (TON) tokens, worth an estimated $346.5 million.

Toncoin Surges

Toncoin, the native token of the layer-1 blockchain Toncoin, has seen its value rise by almost 2% in the past 24 hours. At the time of writing, it is trading at $7.77.

Dogecoin and Ethereum Bullish Signals

Martinez also pointed out bullish signals for Dogecoin (DOGE) and Ethereum (ETH) using the Tom DeMark (TD) Sequential indicator. This indicator suggests that DOGE may rebound by one to four candlesticks, while ETH could experience a similar uptick.

Market Snapshot

As of the time of writing:

  • DOGE is trading at $0.123, down nearly 3% in the past 24 hours.
  • ETH is trading at $3,448, down 1.62% on the day.